CBOT Chief’s Firm Ordered to Adjust Finances:...

CBOT Chief’s Firm Ordered to Adjust Finances: Stotler & Co., headed by Karsten Mahlmann, chairman of the Chicago Board of Trade, says it is parceling out some accounts to get its books back in order. The major commodities trading company also said it is seeking an outside investor. Stotler has been directed by the Board of Trade to bring its amount of cash on hand up to 4% of customer funds, as required by the Commodity Futures Trading Commission, by the close of business today, said a statement issued by the firm’s parent company, Stotler Group Inc. Stotler said it planned to meet the requirement by transferring a portion of its customer accounts and trading positions to other brokerages and by seeking “a capital infusion.”